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Snyder's-Lance 4Q adj. profit tops Street's view

Published on NewsOK Modified: February 12, 2013 at 5:58 am •  Published: February 12, 2013

Snyder's-Lance expects 2013 adjusted earnings will be up 22 percent to 33 percent from 2012's adjusted earnings of 95 cents per share. This implies $1.16 to $1.26 per share.

Revenue is anticipated to climb 10 percent to 12 percent from 2012's $1.62 billion. This implies about $1.78 billion to $1.82 billion.

Analysts predict full-year earnings of $1.25 per share on revenue of $1.81 billion.

Snyder's-Lance also declared a quarterly dividend of 16 cents per share. The dividend will be paid on March 6 to shareholders of record on Feb. 27.

Its shares finished at $26.10 on Monday. They have traded in a 52-week range of $21.64 last February to $27.09 in May 2012.